Lowest

With prices languishing at their lowest levels in a decade, there’s been lots of hand wringing among supporters of natural gas-focused independents as they drop dry gas rigs or shift to more liquids-rich plays. But don’t expect to see any of those types of worry lines on the top guns of ExxonMobil Corp., the biggest gas producer in the United States.

With prices languishing at their lowest levels in a decade, there’s been lots of hand wringing among supporters of natural gas-focused independents as they drop dry gas rigs or shift to more liquids-rich plays. But don’t expect to see any of those types of worry lines on the top guns of ExxonMobil Corp., the biggest gas producer in the United States.

North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers, but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.

North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.

With natural gas prices at their lowest level in years, U.S. explorers will have to stop drilling for economic reasons, right? Anadarko Petroleum Corp. CEO Jim Hackett said he thinks shut-ins are inevitable. Energy analysts with Barclays Capital Markets aren’t so sure.

With natural gas prices at their lowest level in years, U.S. explorers will have to stop drilling for economic reasons, right? Anadarko Petroleum Corp. CEO Jim Hackett said he thinks shut-ins are inevitable. Energy analysts with Barclays Capital Markets aren’t so sure.

February natural gas fell nearly 4 cents Friday in light holiday-flavored trading to settle at its lowest point in more than two years. At the close February had retreated 3.8 cents to $2.989 and March put in an equally uninspired performance, losing 3.9 cents to $3.016. February crude oil fell 82 cents to $98.83/bbl.

The average natural gas futures prices for the upcoming heating season will be less than $4/MMBtu, the lowest level entering the winter months since 2001-2002, the Energy Information Administration (EIA) said.

The share of electricity generated by coal during the first three months of this year was the lowest level for a first quarter in more than 30 years, with natural gas and other energy sources picking up market share, according to a report issued by the Energy Information Administration (EIA) Wednesday.